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Wednesday, September 4, 2024 - 4:00pm | Posted by: Susan Steward

We recently released our annual tax burden study for the ...

Monday, August 26, 2024 - 4:00pm | Posted by: ORA Staff

Each month, our office publishes a review of economic and tax revenue data for DC. The review includes data on employment and wages, residential and commercial real estate, hospitality, the US economy and federal government, and DC tax...

Tuesday, July 23, 2024 - 11:00am | Posted by: ORA Staff

Each month, our office publishes a review of economic and tax revenue data for DC. The review includes data on employment and wages, residential and commercial real estate, hospitality, the US economy and federal government, and DC tax...

Image 1: Thumbnail stacked bar chart titled 'Vacant Office Space in DC by Class, 2005–2023 (in millions of square feet).' Class A (dark purple) and Class B (light purple) vacant space are stacked by year. Total vacant space started at 7.2M sq ft in 2005, dipped after 2006, climbed steadily, and reached 18.1M sq ft in 2021 before spiking to 26.5M sq ft in 2023. Class B vacancy increased sharply after 2021.
Monday, July 15, 2024 - 4:00pm | Posted by: Daniel Muhammad

When a city's commercial office buildings are experiencing a trend of increasing net vacant space over the long term, it signifies a growing lack of demand for office space in the market. This surplus of available office space can prompt a...

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